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Single Family Rental Returns Drop to a Nine Year Low | By: Fellow GDREIA Members

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Single Family Rental Returns Drop to a Nine Year Low
(reprint from "Real Estate Investment Today")

Data powerhouse RealtyTrac recently released their Q3 2016 Single Family Rental Market Report which found that for homes purchased in 2016 the average single-family rental returns dropped to a nine-year low.  Analyzing data from 473 counties, the report says the average annual gross rental yield (monthly rent, annualized, divided by median the home price) was 8.7% for properties purchased in the first seven months of 2016, down from an average of 8.8% from 2015 and the lowest level since 2007 - when it was 7.3%.  Click here to read more.

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